Last $2.13 USD
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molycorp inc (MCP) Details

Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, including light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium/praseodymium; heavy rare earth concentrates, which include samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, glass polishing, automotive, water purification, and energy efficiency lighting applications. This segment also owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth elements deposits in San Bernardino County, California. Its Chemicals and Oxides segment produces REO, and other custom engineered materials, salts of rare earth elements, zirconium-based engineered materials, and mixed rare earth/zirconium oxides for various applications, such as catalytic converters, computers, television display panels, optical lenses, mobile phones, electronic chips, and others. The company’s Magnetic Materials and Alloys segment produces Neo Powders for use in micro motors, precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, other specialty alloy products, and rare earth metals for use in computing, automotive, aerospace, health care, industrial motors, wind power generation, battery technologies, consumer electronics, and home appliance markets. Its Rare Metals segment produces, reclaims, refines, and markets gallium, indium, rhenium, tantalum, and niobium for use in wireless technologies, light-emitting diode, flat panel display, turbine, solar, catalyst, steel additive, electronics, and other applications. The company sells its products directly to customers; and through distributors. Molycorp, Inc. was founded in 2010 and is headquartered in Greenwood Village, Colorado.

2,580 Employees
Last Reported Date: 03/3/14
Founded in 2010

molycorp inc (MCP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $397.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $403.5K
Senior Vice President of Finance and Treasure...
Total Annual Compensation: $466.0K
Executive Vice President and General Counsel
Total Annual Compensation: $333.7K
Compensation as of Fiscal Year 2013.

molycorp inc (MCP) Key Developments

Molycorp, Inc. Announces Management Appointments

Molycorp, Inc. announced that appointment of Michael F. Doolan as Executive Vice President and Chief Financial Officer of the company. On June 27, 2014 in connection with the prior appointment of Kevin W. Johnson as Executive Vice President and General Counsel of the company, Mr. Johnson has entered into an employment agreement with the company.

Molycorp, Inc. Approves Amendment to the Amended and Restated Certificate of Incorporation

Molycorp, Inc. has approved the amendment to the amended and restated certificate of incorporation, as amended, to increase the number of authorized shares of common stock, $0.001 par value per share, from 350 million to 700 million, which results in an increase in the total number of authorized shares of capital from 355 million to 705 million at the AGM held on June 25, 2014.

Molycorp, Inc. Announces Change of Auditors

On May 14, 2014, the Audit and Ethics Committee of the Board of Directors of Molycorp, Inc. approved the appointment of KPMG LLP (Canada) as the company's new independent registered public accounting firm beginning with the review of the company's financial statements for the quarter ending June 30, 2014. The company's formal engagement of KPMG Canada remains subject to KPMG Canada completing its client acceptance process. On May 14, 2014, the committee also approved the dismissal of PricewaterhouseCoopers LLP (Canada) as the company's independent registered public accounting firm effective May 16, 2014.


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